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Replying to Avatar Marius

Bitcoin is technically and ethically beautiful because it peacefully resists corruption. However, we need to acknowledge that an essential force driving its adoption and success is the appalling level of corruption and self-serving behavior displayed by people in positions of power in the past decades. The current zeitgeist suggests that large corporations and institutions are corrupt in principle, and Milei, Musk, or Trump's efforts to dismantle them are applauded (also by me). Still, I believe that fully decentralized micro organizations cannot solve all problems, and there is value in mounting and funding larger entities. We "just" need to find a way to prevent the destructive force of power to corrupt management.

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Marius 10mo ago 💬 1

I think I should have used the word profiteering instead of corruption. Corruption only exists outside of the law, while legally profiteering is perfectly possible. The effect is the same: money earned unethically. Hear Woody Harrleson talk about it (and many other relevant topics) in this great conversation with Joe Rogan (https://youtu.be/ztXzOIH7x10).

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